Switch to:
Mettler-Toledo International Inc (NYSE:MTD)
Shiller P/E Ratio
36.32 (As of Today)

As of today, Mettler-Toledo International Inc's current share price is $304.33. Mettler-Toledo International Inc's E10 for the quarter that ended in Sep. 2014 was $8.38. Mettler-Toledo International Inc's Shiller P/E Ratio for today is 36.32.

MTD' s 10-Year Shiller P/E Ratio Range
Min: 12.21   Max: 38.64
Current: 36.4

12.21
38.64

During the past 13 years, Mettler-Toledo International Inc's highest Shiller P/E Ratio was 38.64. The lowest was 12.21. And the median was 26.83.

MTD's Shiller P/E Ratiois ranked higher than
84% of the 300 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 143.42 vs. MTD: 36.40 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Mettler-Toledo International Inc's adjusted earnings per share data for the three months ended in Sep. 2014 was $2.859. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $8.38 for the trailing six years ended in Sep. 2014.


Definition

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Mettler-Toledo International Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=304.33/8.38
=36.32

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Mettler-Toledo International Inc's E10 for the fiscal year that ended in Dec13 is calculated as:

For example, Mettler-Toledo International Inc's adjusted earnings per share data for the three months ended in Sep. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2014*CPI of Current
=2.89/238.031*235.51
=2.859

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 235.51.

Mettler-Toledo International Inc Quarterly Data

201206201209201212201303201306201309201312201403201406201409
per share eps 1.9302.2803.3461.6902.2402.4303.6231.9302.4902.890
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 1.9812.3203.4321.7102.2592.4443.6611.9242.4602.859
200912201003201006201009201012201103201106201109201112201203
per share eps 2.0091.1001.4901.8202.4061.4101.8202.0902.9111.620
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 2.1911.1901.6101.9622.5851.4861.8992.1693.0381.663
200812200903200906200909
per share eps 1.8421.0000.8101.210
CPI 210.228212.709215.693215.969
Adj_EPS 2.0641.1070.8841.319

Add all the adjusted EPS together and divide 6 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Mettler-Toledo International Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 25.9624.7030.1835.6318.1724.7630.2424.4928.0831.09

Mettler-Toledo International Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ShillerPE 24.2925.7228.0829.8127.4631.9431.0929.4330.6830.57
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK